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Monday, 05 April 10
RI TO SET REFERENCE FOR COMMODITIES - THE JAKARTA POST
 The Jakarta Post reported that, Indonesia is set to help establish global reference prices for mining and agricultural commodities, with the establishment of a privately owned Indonesia Commodity and Derivatives Exchange (ICDX).
The new exchange is expected to help improve the country’s underdeveloped futures market and make the country the fifth largest commodity futures exchange in the world, says Commodity Futures Trading Supervisory Board (Bappebti) head Deddy Saleh.
“We have permitted the establishment of a new exchange … because we’ve seen in the last 10 years that there have been no satisfactory results since the BBJ [Jakarta Futures Exchange] was established [in 2000],” he told reporters during a conference after the official launch of the ICDX.
He said the BBJ should have served as a price reference and a place for hedging but it had failed due to “the absence of competitors and slow management”.
According to Deddy, 98 percent of transactions occurring in the BBJ were alternative trading, such as foreign exchange and indexing, which were yet to be regulated.
“This [ICDX] is privately owned. A private company won’t play around with their capital,” said Deddy.
ICDX president director Megain Widjaja said trading in the ICDX would be transparent as transaction data could be accessed online and later on TV.
“We have cooperated with Bloomberg. But transactions are still closed [for time being] … We’ll later cooperate with Reuters so [transactions] can be accessed online and can be seen on TV and the internet.”
Trade Minister Mari Elka Pangestu, who was also present, said: “The importance of a commodity futures exchange is that transactions will be more liquid, more transparent and [we can be] a price reference,” she said.
She said farmers would have more bargaining power on prices when negotiating with their buyers, and thus, cartel practices — control over prices of a commodity by certain parties — could be avoided.
She also said foreign brokers and market traders were now allowed to trade in the exchange to make the country’s commodity futures exchange perform better.
The ICDX is now trading gold and crude palm oil (CPO) futures contracts.
The ICDX has listed 15 members, seven of whom are CPO producers. The members are PT Wilmar Nabati Indonesia, publicly listed PT Sinar Mas Agro Resources, publicly listed PT Sampoerna Agro, PT Duta Palma Nusantara, publicly listed PT BW Plantation, PT Palm Mas Asri, PT Danpac Futures, PT Valbury Asia Futures, PT Sinarmas Futures, PT Universal Futures, PT Aperdi and PT Monex Investindo.
The senior economist of Standard Chartered Bank Fauzi Ichsan said with Indonesia being the world’s largest CPO producer, “it is time to have a commodity futures exchange”. But, he said, big investors would likely trade in Singapore as the latter’s market was more liquid. “We hope they’re not only listed [in the ICDX] but that they will also trade in Indonesia,” he told The Jakarta Post.
Source: The Jakarta Post
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Wednesday, 04 June 14
SKULD: DIVERSIFICATION AND A ROBUST BOTTOM LINE
In February, I was delighted to ring in the new policy year with the Skuld team following a solid renewal round and a strong year. 2013 was, in man ...
Monday, 02 June 14
SUB-BIT FOB INDONESIA COAL SWAPS LOST GROUND THIS WEEK
COALspot.com: Indonesian coal swaps for average Q3’ 2014 lost on day, week and on month according to AsiaClear OTC coal swap's reports re ...
Monday, 02 June 14
SOUTH CHINA COAL SWAP WAS SHOWING A POSITIVE MOVE IN Q4, INSTEAD OF THIS WEEK'S WEAK TREND
COALspot.com: API 8 CFR South China Coal swaps for average Q3 14 deliveries lost 3.39 percent month on month and closed at US$ 72.65 per mt as on F ...
Sunday, 01 June 14
INDO - INDIA SUPRMAX FREIGHT RATES CONTINUED TO DOWN THIS WEEK
COALspot.com: The freight market was soft this past week as all sectors soften particularly Panamax index was lost 129 points or 12.88% week on wee ...
Friday, 30 May 14
CLEAN COAL PROCESSING & CONVERSION ASIA SUMMIT 2014
Clean Coal Processing & Conversion Asia Summit 2014 will be held on Nov 20-21st, 2014 in Jakarta, Indonesia.
With the cooperation of ...
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- Mintek Dendrill Indonesia
- TeaM Sual Corporation - Philippines
- IHS Mccloskey Coal Group - USA
- Bangladesh Power Developement Board
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Mercuria Energy - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- Oldendorff Carriers - Singapore
- Sinarmas Energy and Mining - Indonesia
- Parry Sugars Refinery, India
- Gujarat Sidhee Cement - India
- Thai Mozambique Logistica
- Coalindo Energy - Indonesia
- Independent Power Producers Association of India
- Commonwealth Bank - Australia
- Central Electricity Authority - India
- India Bulls Power Limited - India
- Medco Energi Mining Internasional
- Salva Resources Pvt Ltd - India
- Jaiprakash Power Ventures ltd
- Jindal Steel & Power Ltd - India
- Riau Bara Harum - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- Straits Asia Resources Limited - Singapore
- Eastern Energy - Thailand
- Orica Australia Pty. Ltd.
- Dalmia Cement Bharat India
- Agrawal Coal Company - India
- Indonesian Coal Mining Association
- Attock Cement Pakistan Limited
- Kapuas Tunggal Persada - Indonesia
- Ministry of Mines - Canada
- Bayan Resources Tbk. - Indonesia
- Alfred C Toepfer International GmbH - Germany
- SMG Consultants - Indonesia
- Heidelberg Cement - Germany
- Sojitz Corporation - Japan
- Barasentosa Lestari - Indonesia
- Indika Energy - Indonesia
- Sical Logistics Limited - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- White Energy Company Limited
- Kalimantan Lumbung Energi - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- Wood Mackenzie - Singapore
- Jorong Barutama Greston.PT - Indonesia
- ICICI Bank Limited - India
- GVK Power & Infra Limited - India
- The Treasury - Australian Government
- Thiess Contractors Indonesia
- LBH Netherlands Bv - Netherlands
- Trasteel International SA, Italy
- Energy Link Ltd, New Zealand
- Gujarat Electricity Regulatory Commission - India
- Parliament of New Zealand
- Formosa Plastics Group - Taiwan
- Banpu Public Company Limited - Thailand
- Timah Investasi Mineral - Indoneisa
- Rio Tinto Coal - Australia
- PetroVietnam Power Coal Import and Supply Company
- Mjunction Services Limited - India
- Bukit Baiduri Energy - Indonesia
- Planning Commission, India
- Holcim Trading Pte Ltd - Singapore
- Singapore Mercantile Exchange
- PNOC Exploration Corporation - Philippines
- Madhucon Powers Ltd - India
- Kideco Jaya Agung - Indonesia
- GAC Shipping (India) Pvt Ltd
- Sakthi Sugars Limited - India
- Pendopo Energi Batubara - Indonesia
- VISA Power Limited - India
- Gujarat Mineral Development Corp Ltd - India
- Wilmar Investment Holdings
- Maharashtra Electricity Regulatory Commission - India
- Meenaskhi Energy Private Limited - India
- Therma Luzon, Inc, Philippines
- Posco Energy - South Korea
- Sindya Power Generating Company Private Ltd
- Vizag Seaport Private Limited - India
- Anglo American - United Kingdom
- Bahari Cakrawala Sebuku - Indonesia
- CIMB Investment Bank - Malaysia
- Cement Manufacturers Association - India
- Interocean Group of Companies - India
- AsiaOL BioFuels Corp., Philippines
- Kartika Selabumi Mining - Indonesia
- Renaissance Capital - South Africa
- Karaikal Port Pvt Ltd - India
- PTC India Limited - India
- SN Aboitiz Power Inc, Philippines
- GMR Energy Limited - India
- Standard Chartered Bank - UAE
- Semirara Mining Corp, Philippines
- Cigading International Bulk Terminal - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- Siam City Cement PLC, Thailand
- ASAPP Information Group - India
- New Zealand Coal & Carbon
- Intertek Mineral Services - Indonesia
- Siam City Cement - Thailand
- Uttam Galva Steels Limited - India
- Bukit Asam (Persero) Tbk - Indonesia
- Ministry of Finance - Indonesia
- Metalloyd Limited - United Kingdom
- Electricity Authority, New Zealand
- Essar Steel Hazira Ltd - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Central Java Power - Indonesia
- Merrill Lynch Commodities Europe
- Sarangani Energy Corporation, Philippines
- Neyveli Lignite Corporation Ltd, - India
- Simpson Spence & Young - Indonesia
- Australian Commodity Traders Exchange
- South Luzon Thermal Energy Corporation
- Antam Resourcindo - Indonesia
- Samtan Co., Ltd - South Korea
- Indian Energy Exchange, India
- Eastern Coal Council - USA
- Bhatia International Limited - India
- Maheswari Brothers Coal Limited - India
- Xindia Steels Limited - India
- Romanian Commodities Exchange
- Orica Mining Services - Indonesia
- Toyota Tsusho Corporation, Japan
- Bukit Makmur.PT - Indonesia
- Global Business Power Corporation, Philippines
- Africa Commodities Group - South Africa
- Aboitiz Power Corporation - Philippines
- TNB Fuel Sdn Bhd - Malaysia
- Malabar Cements Ltd - India
- IEA Clean Coal Centre - UK
- Rashtriya Ispat Nigam Limited - India
- Miang Besar Coal Terminal - Indonesia
- Chettinad Cement Corporation Ltd - India
- Global Coal Blending Company Limited - Australia
- Power Finance Corporation Ltd., India
- Bharathi Cement Corporation - India
- Electricity Generating Authority of Thailand
- The State Trading Corporation of India Ltd
- Georgia Ports Authority, United States
- Marubeni Corporation - India
- Tata Chemicals Ltd - India
- Lanco Infratech Ltd - India
- MS Steel International - UAE
- Aditya Birla Group - India
- Altura Mining Limited, Indonesia
- Globalindo Alam Lestari - Indonesia
- CNBM International Corporation - China
- Krishnapatnam Port Company Ltd. - India
- Star Paper Mills Limited - India
- Energy Development Corp, Philippines
- Goldman Sachs - Singapore
- Binh Thuan Hamico - Vietnam
- Leighton Contractors Pty Ltd - Australia
- Petron Corporation, Philippines
- Coastal Gujarat Power Limited - India
- Karbindo Abesyapradhi - Indoneisa
- Billiton Holdings Pty Ltd - Australia
- Coal and Oil Company - UAE
- Minerals Council of Australia
- Kaltim Prima Coal - Indonesia
- Port Waratah Coal Services - Australia
- Deloitte Consulting - India
- Meralco Power Generation, Philippines
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Videocon Industries ltd - India
- McConnell Dowell - Australia
- San Jose City I Power Corp, Philippines
- Iligan Light & Power Inc, Philippines
- Ambuja Cements Ltd - India
- Vijayanagar Sugar Pvt Ltd - India
- Global Green Power PLC Corporation, Philippines
- Bank of Tokyo Mitsubishi UFJ Ltd
- International Coal Ventures Pvt Ltd - India
- Ind-Barath Power Infra Limited - India
- Kepco SPC Power Corporation, Philippines
- London Commodity Brokers - England
- Borneo Indobara - Indonesia
- Larsen & Toubro Limited - India
- Baramulti Group, Indonesia
- Tamil Nadu electricity Board
- Sree Jayajothi Cements Limited - India
- Vedanta Resources Plc - India
- PowerSource Philippines DevCo
- OPG Power Generation Pvt Ltd - India
- Ceylon Electricity Board - Sri Lanka
- Manunggal Multi Energi - Indonesia
- Mercator Lines Limited - India
- European Bulk Services B.V. - Netherlands
- Kobexindo Tractors - Indoneisa
- Makarim & Taira - Indonesia
- Grasim Industreis Ltd - India
- Carbofer General Trading SA - India
- Directorate Of Revenue Intelligence - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Semirara Mining and Power Corporation, Philippines
- Chamber of Mines of South Africa
- Edison Trading Spa - Italy
- Indo Tambangraya Megah - Indonesia
- Ministry of Transport, Egypt
- Bhoruka Overseas - Indonesia
- Australian Coal Association
- Bhushan Steel Limited - India
- Savvy Resources Ltd - HongKong
- Price Waterhouse Coopers - Russia
- Bulk Trading Sa - Switzerland
- The University of Queensland
- Indian Oil Corporation Limited
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Indogreen Group - Indonesia
- Kumho Petrochemical, South Korea
- Economic Council, Georgia
- Petrochimia International Co. Ltd.- Taiwan
- GN Power Mariveles Coal Plant, Philippines
- Latin American Coal - Colombia
- SMC Global Power, Philippines
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